Being an extremely bullish day, I think we will have a slight pull back towards the previous high then push up one more time toward 14300.
If we do top out here, that means that we have a triple bearish divergence on rsi, and that would mean that we are not long term bullish. I believe that we are in a bull market so we will not create a bearish divergence.
we could consolidate then blast toward 16000, go direct towards 14000, get rejected from previous high and drop to 8000.
Personally, I think that we will go directly towards 14000 because that will create a higher high on the rsi so a bear divergence wont be formed
TEAM BLUE, GREEN OR RED? I THINK BLUE
Bitcoin has broken out and formed a death cross. Usually, bitcoin does not confirm breakouts on the daily chart, more often it confirms them on the 4 hour chart, so If we do dip down, we will be there for only 4 hours. I believe that this dip will use the 50 MA as support and be the start of a bullish run to 14k.
Ethbtc seems to be in an upward channel, but is not on the support, it is in the center. If ethbtc consolidates or moves down slighlty towards the channel support, it could possibly be a buy on december. December every single year has been a dip to trade ever since eth was created, it could possibly be another buy zone.
Tesla is in a ascending triangle meaning that it has a 65% chance of breaking towards the upside. The moving averages are also being used as support creating a bullish bias. Just buy on the confirmation and set a stop loss under the breakout.
bsvusd has a possible reversal pattern. But every popular MA is above the price. this is not good for bulls. If we break out of this falling wedge and confirm it. You should enter. Rn is looking really neutral not bearish or bullish
Bitcoin on the las bull run used a channel which led up to the all time high before going parabolic. Bitcoin is going to have a year long channel that leads to 20k then goes to 100k the second year around early 2022. Long term holders should set stop loss at 6k. Mid term trader should set stop loss at 10370.
My advice is to buy once we have broken towards the...
stop loss set at 159.5. take profit at 550. The gold cross tempted me to buy, but bsv is really volatile so buy at your own risk. remember that everything
has a 50% chance to fall or rise, but having a good risk ratio is what is important.
us100 has formed a double bottom on a yearly resistance level. It also has a bullish divergence, breakout on macd and rsi, and breakout from down ward channel. if we stay above 11130, I will be bullish